Refinery study
Source: Bloomberg News |
May 22, 2012, Tuesday
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Print Edition
Print Edition
CHINA Petroleum and Chemical Corp, better known as Sinopec, and PetroSA, South Africa's state-owned oil firm, agreed to study the building of a crude-oil refinery that is set to become the African country's biggest.
The accord sets out how Sinopec and PetroSA will make the business case for the estimated US$10 billion Mthombo refinery in Port Elizabeth. The first phase will focus on market studies and the second on engineering, Cape Town-based PetroSA said yesterday in an e-mailed statement.
The refinery will have a planned capacity of 400,000 barrels a day, PetroSA said.
The accord sets out how Sinopec and PetroSA will make the business case for the estimated US$10 billion Mthombo refinery in Port Elizabeth. The first phase will focus on market studies and the second on engineering, Cape Town-based PetroSA said yesterday in an e-mailed statement.
The refinery will have a planned capacity of 400,000 barrels a day, PetroSA said.
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